Versor Investments LP Buys 7,800 Shares of Bumble Inc. (NASDAQ:BMBL)

Versor Investments LP lifted its position in Bumble Inc. (NASDAQ:BMBL) by 25.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 38,600 shares of the company’s stock after purchasing an additional 7,800 shares during the period. Versor Investments LP’s holdings in Bumble were worth $246,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BMBL. Innealta Capital LLC purchased a new position in shares of Bumble in the second quarter valued at about $64,000. Meeder Asset Management Inc. bought a new position in Bumble during the 2nd quarter valued at approximately $82,000. Headlands Technologies LLC bought a new position in Bumble during the 2nd quarter valued at approximately $94,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Bumble in the 2nd quarter worth approximately $111,000. Finally, SG Americas Securities LLC bought a new stake in shares of Bumble in the 3rd quarter worth approximately $71,000. 94.85% of the stock is owned by hedge funds and other institutional investors.

Bumble Trading Down 4.4 %

Shares of NASDAQ BMBL opened at $7.87 on Friday. The company has a market cap of $995.87 million, a PE ratio of -1.61 and a beta of 1.62. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.38 and a current ratio of 2.09. The firm’s 50 day moving average price is $6.94 and its 200-day moving average price is $8.53. Bumble Inc. has a 52-week low of $4.80 and a 52-week high of $15.90.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Citigroup upped their target price on Bumble from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Evercore ISI lowered shares of Bumble from an “outperform” rating to an “inline” rating and cut their target price for the company from $18.00 to $8.00 in a research note on Thursday, August 8th. Wells Fargo & Company decreased their price target on shares of Bumble from $10.00 to $7.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. BTIG Research lowered shares of Bumble from a “buy” rating to a “neutral” rating in a report on Thursday, August 8th. Finally, Morgan Stanley reduced their target price on Bumble from $12.00 to $6.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $8.38.

About Bumble

Bumble Inc provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates apps, including Bumble, a dating app built with women at the center, where women make the first move; Badoo, the web and mobile free-to-use dating app; Official app where users connect their profile with that of their partner enabling a shared, linked product experience; Bumble BFF and Bumble Bizz Modes that have a format similar to the date mode requiring users to set up profiles and matching users through yes and no votes, similar to the dating platform; and Bumble for Friends, a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections, as well as Fruitz app is centered around encouraging honesty and transparency by sharing dating intentions from the first touch point.